Advance Premium Tax Credits (APTC) in excess of what the taxpayer is allowed, generally needs to be repaid. Individuals who married during the tax year and must repay Advanced Premium Tax Credit for an individual in the tax family can use the alternative calculation for the year of marriage in order to reduce the amount of Advanced Premium Tax Credit required to be repaid.
- Taxpayer and spouse both unmarried on first day of the year
- Taxpayer and spouse married on the last day of the year
- Taxpayer and spouse are filing a joint return
- Someone on the tax family was enrolled in a qualifying health plan before the taxpayer and spouse's first full calendar month of marriage and received APTC
- Household income in the new tax family was in excess of 400% of the poverty line
- Household income is 400% of the poverty line or less, and
What do I enter?
Before making any entries into the 8962 Form, you must visit Publication 974 and complete the steps outlined for the Alternate Calculation for Year of Marriage. These steps will help you determine what to enter into the program for Alternative family size, Alternative monthly contribution amount, Allocation start month, and allocation stop month.